Spend Matters

DECEMBER 23, 2024

GDPR alignment, secure data storage) reduce organizational risk. Making the business case and implementing the solution remains challenging Data integration with existing systems: Integrating procuretech with existing ERP and finance systems is a common challenge. Risk reduction: The platforms compliance features (e.g.,

Procurement 120

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supplier consolidation 120

Una

MARCH 16, 2023

Pain Points in Procurement Series How to Build Procurement Influence and Why it Matters How to build procurement influence as a way to stay engaged with other business functions, drive value, and achieve more desirable outcomes. The problem lies with a lack of influence. Why do so many companies lack procurement influence?

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

Procurement Templates

NOVEMBER 21, 2024

Coupa, Ariba) Data analytics tools (e.g., Coupa, Ariba) Data analytics tools (e.g., Use Data-Driven Arguments: Leverage cost breakdowns and benchmarks to negotiate better terms. Use Analytics Platforms: Develop skills in Tableau or Power BI to visualize procurement data. SAP, Oracle) Procurement software (e.g.,

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

Spend Matters

APRIL 10, 2025

Supply chains are more complex than ever, stakeholder expectations are soaring and the sheer volume of data that procurement teams must sift through is overwhelming. Instead of getting bogged down by tedious tasks, they use AI-driven insights to move faster, influence stakeholders and optimize spend proactively.

Supply Chain Efficiency 99

Supply Chain Efficiency Procurement Supply Chain Optimization Procurement team 99

Spend Matters

MARCH 25, 2025

largely control procurements level of influence. Procurements ability to engage, influence and align with stakeholders determines the extent to which digital transformation efforts deliver sustainable and measurable benefits. However, the reality is that stakeholders, including budget owners, business units, etc.,

Stakeholder engagement 91

Stakeholder engagement Management Procurement Influencing 91

ivalua

FEBRUARY 4, 2020

North Carolina State Poole College of Management recently produced this 28 page report entitled “ 2019 Supply Chain Data Quality and Governance Study ”. The report contains some great illustrations of the current state of Data governance across the organizations that were surveyed, with a specific focus on the supply chain.

Data 130

Data Quality Supply chain Suppliers 130

Spend Matters

JANUARY 7, 2025

What customers prioritize when investing in procuretech At Prewave, we find that our customers adopt a structured approach to their ESG and sustainability obligations, which is why its important to provide procuretech solutions that provide a clear, data-driven overview on environmental, social and governance issues.

supply chain software solutions 114

supply chain software solutions Supply Chain Efficiency Procurement Raw materials 114

Spend Matters

NOVEMBER 19, 2024

“Yes, we’ve seen a clear increase in demand for risk-related technology from our customers, driven by the growing complexity and volume of data they are required to manage. Today’s organizations expect risk technology to not only provide data but also enable quicker decision making and faster action that leads to measurable impact.

Risk management 110

Risk management Risk Management Real-time Visibility 110

SCMDOJO

DECEMBER 29, 2024

This course will teach you a lot about procurement and purchasing, trends and tendencies in procurement, the role and influence of the procurement function in the company, types of procurement, and more. It covers KPI selection, data analysis, and performance improvement strategies. Supply Chain KPIs add color to your organization.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain KPIs Supply Chain Efficiency Category management 98

Spend Matters

JANUARY 23, 2025

The momentum around this ‘best practice’ has been further accelerated by the marketing efforts of market intelligence companies selling data and even a few purpose-built software platforms to make these efforts more efficient and accurate. The actual price is only clear when set in a competitive market context.

Price 103

Price Negotiation supply chain software solutions Supply Chain Optimization 103

SCMDOJO

DECEMBER 29, 2024

Moreover, it highlights the field’s evolving nature and emphasizes the influence of digital transformation, Industry 4.0, Learn More About Supply Chain Department About the Author Fatima Salman Fatima Salman is a dynamic content writer and social media influencer with a knack for crafting compelling narratives that engage and inspire.

Supply Chain Efficiency 95

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 95

ivalua

JUNE 14, 2023

Up front efforts to define roles and responsibilities, document requirements, integrate with other enterprise systems, and maximize the value of data will be rewarded in multiple forms well beyond the conclusion of the implementation.

Procurement 239

Procurement Change management supply chain budgeting Supply Chain Optimization 239

Spend Matters

OCTOBER 31, 2024

Companies seek tools that automate risk categorization across areas like Data Protection, Information Security and Legal Compliance, providing real-time visibility and proactive governance. The future of risk technology will focus on AI-driven automation, improving data quality and ensuring compliance.

Risk management 114

Risk management Risk Management Real-time Visibility 114

SCMDOJO

NOVEMBER 20, 2024

Quantitative Methods: The Quantitative forecasting method is engaged where there is access to historical data, and unlike the former, it is objective to the degree of the reality of the data. This method is adopted when there is no historical data. A culture of continuous improvement drives ongoing optimization and efficiency.

Inventory 98

Inventory Supply Chain Optimization Supply Chain Efficiency Real-time Visibility 98

Spend Matters

OCTOBER 31, 2024

The combination of the above, together with strong experience in the field, means that the solution can be used on the buyer’s side to influence design decisions and on the supplier’s side to attract and develop business. to provide deep and accurate insights and auto-costing.

Buyers 114

Buyers Raw materials Networking Suppliers 114

SCMDOJO

OCTOBER 30, 2024

The global supply chain landscape is undergoing significant transformations, influenced by rapid technological advancements, shifting consumer expectations, and the intricacies of international commerce. Developing Analytical Skills Data analysis is at the heart of effective supply chain management.

supply chain budgeting 97

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 97

Procurement Heads

FEBRUARY 22, 2023

Procurement as a function is uniquely positioned to influence how a company spends its money. We can influence our stakeholders in our respective companies to make better or more informed decisions and we can also influence suppliers in the way that we engage with them.

Sustainability 246

Sustainability Influencing Suppliers Supply chain 246

Procurement Heads

APRIL 28, 2023

The data – provided by Bullhorn – revealed that permanent jobs grew 10% month-on-month in March while demand for highly skilled contractors rose 4%. That’s according to the latest statistics from the Association of Professional Staffing Companies (APSCo) – the trade body for the professional recruitment sector.

Budget 130

Budget Data Influencing Contract 130

Procurement Heads

APRIL 28, 2023

The data – provided by Bullhorn – revealed that permanent jobs grew 10% month-on-month in March while demand for highly skilled contractors rose 4%. That’s according to the latest statistics from the Association of Professional Staffing Companies (APSCo) – the trade body for the professional recruitment sector.

Budget 130

Budget Data Influencing Contract 130

SCMDOJO

APRIL 3, 2025

The US government is using tariffs in a bid to protect local industries and influence trade. This requires strong supplier relationships, good communication, and data analysis skills. Understanding US Tariff Turbulence Tariffs are taxes on imported goods. They affect trade by increasing costs and changing trade routes.

Agile and Lean Supply Chain 96

Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 96

IBM Supply Chain Blog

DECEMBER 7, 2023

AI-driven insights from customer data AI excels at finding patterns in data that would either take humans too long to unearth or might otherwise go undetected. IBM offers end-to-end consulting capabilities in experience design and service, data and AI transformation.

Influencing 77

Influencing Data Import Demand 77

IBM Supply Chain Blog

FEBRUARY 12, 2024

They could more directly influence customer loyalty beyond the quality and price of their solutions. And thanks to online metrics, specific customer feedback, and data analytics, these retailers had more information about their customers than ever before. Today, a customer could be influenced by one channel (e.g.,

Data 92

Data Influencing Purchasing Strategy 92

Procurement Templates

DECEMBER 11, 2024

Automate supplier evaluation using real-time data. Foster Strategic Alliances: Build long-term partnerships with suppliers through joint ventures and co-development projects. It’s still early days, lots of talk but no universal tools yet, but keep an eye out on what’s changing as it’s a fast moving market.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Let's Talk Supply Chain

FEBRUARY 27, 2025

Technology integration: ‍ The integration of advanced technologies like autonomous vehicles and route optimization software is expected to streamline operations and potentially reduce costs,influencing the direction of trucking rates. As we look forward to 2025, industry executives predict varied trends that can impact rates.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 52

ivalua

FEBRUARY 24, 2021

Today’s Procurement organizations must be more intelligent, and provide the data analysis and intelligence to inform our stakeholders as they make critical business decisions,” Sawchcuk said. Once we have the data, we have to continue to refresh it and engage with it, and that’s where analytical skills come in, Sawchcuk added.

Agile and Lean Supply Chain 162

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Supply chain resilience 162

ivalua

NOVEMBER 25, 2020

In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Influence The Board by Mapping the value of procurement projects to business priorities.

Chief Procurement Officer 130

Chief Procurement Officer Agile and Lean Supply Chain Procurement Supply Chain Efficiency 130

SCMDOJO

JANUARY 29, 2025

Supply chain reports are data-driven documents that provide key metrics and insights into various aspects of your supply chain, including: Inventory Levels Tracking stock levels in real-time to ensure adequate inventory to meet demand while minimizing holding costs. What are Supply Chain Reports?

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 98

Procurement Tactics

JULY 4, 2023

Gather Data After you identify the scope of your model, the next step is to gather data. Research and collect data on material costs, labor costs, overhead costs, and profit margins. Thus, to achieve this consult with suppliers, market research, industry reports, or internal cost data. 2.5% -1.2% 1.8% -0.7%

Raw materials 209

Raw materials supply chain software solutions supply chain budgeting Price 209

Procurement Insights

FEBRUARY 21, 2025

At the time, the governments Scientific Research & Experimental Development program funded my research to develop a web-based self-teaching algorithm platform for the Department of National Defence and NYCTA [link] Strand commonality is based on the theory that seemingly unrelated strands or streams of data events have related attributes.

Influencing 52

Influencing Data Collaboration Sourcing 52

Procurement Insights

MARCH 16, 2025

Dynamic Market Intelligence & External Data Integration AI models pull live market intelligence (e.g., pricing trends, geopolitical risks) and contextually compare it with internal procurement data. It ensures that AI-powered procurement tools remember historical data, supplier behavior, contracts, and decision-making frameworks.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Procurement Insights

APRIL 8, 2025

Decision-Making Intelligence Factor Agent-Based Model (Metaprise) Equation-Based Intake & Orchestration Decision Logic Agents use AI/ML to learn from data, negotiate terms, and optimize outcomes across the network. Networked Intelligence : Agents share data and insights across the metaprise, enabling collective optimization (e.g.,

Supply Chain Optimization 69

Supply Chain Optimization Supply Chain Efficiency Procurement Agile and Lean Supply Chain 69

SCMDOJO

DECEMBER 29, 2024

About the Author Fatima Salman Fatima Salman is a dynamic content writer and social media influencer with a knack for crafting compelling narratives that engage and inspire. Her versatile background allows her to seamlessly blend data-driven insights with captivating content to drive impactful results.

supply chain budgeting 98

supply chain budgeting Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency 98

Procurement Heads

FEBRUARY 23, 2023

The data, provided by Broadbean Technology, revealed that job applications within the sector fell by 12.5% APSCo’s data also reveals that while vacancy levels fluctuated throughout 2022 as economic uncertainty influenced business confidence – yearly comparisons show that new roles fell by just over 16% between January 2022 and January 2023.

Vendor management 130

Vendor management Influencing Demand Risk management 130

Procurement Insights

DECEMBER 3, 2024

Reference to Triple Bottom Line post Consumer decision-making regarding ESG (Environmental, Social, and Governance) goals is influenced by several concerns, which can either encourage or hinder their commitment to purchasing products and services that align with ESG principles. Reference to Scoutbee buycott versus boycott post.

Chief Procurement Officer 58

Chief Procurement Officer Supply Chain Efficiency Influencing Supply chain resilience 58

IBM Supply Chain Blog

OCTOBER 3, 2023

But this growth in digital sales can come with a hefty price tag for retailers and consumer goods businesses: a much greater risk of data breaches. trillion by 2026 , businesses are accumulating massive amounts of sensitive data, including payment information from their customers. For retail, the average data breach studied cost $2.96

Data 79

Data supply chain budgeting Influencing Strategy 79

IBM Supply Chain Blog

APRIL 19, 2023

These redundant manual processes slowed the organization and resulted in inaccuracies and lack of clarity around what data could be trusted enough to use. How IBM and ActionKPI improved financial reporting and streamlined operations The Assessment Services division turned to ActionKPI and IBM to help solve their massive data problems.

Data 81

Data Budget Project management Risk 81

SCMDOJO

MAY 20, 2024

This article reviews how traditional internet technologies have influenced today’s supply chain solutions. Modern influences on supply chains today include more product visibility, better customer understanding, and fast shipment speeds. Modern data collection tools are beneficial, but so are historical ones.

Supply Chain Efficiency 95

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 95